Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: 2016-06-05

Friday, June 10, 2016

Neenah Paper - Chart of the Day

Neenah Paper is the Barchart Chart of the Day. The paper company has a Trend Spotter buy signal, a Weighted Alpha of 25.40+ and gained 18.74% in the last year.

The Chart of the Day belongs to Neenah Paper (NP). I found the paper stock by using Barchart to sort today's All Time High list first for the most frequent new highs in the last month, then again for technical buy signals of 80% or better. Since the Trend Spotter signaled a buy on 5/24 the stock gained 6.29%.

Neenah is a leading global specialty materials company, focused on premium niche markets that include advanced filtration media, specialized substrates used for tapes, labels and other products, and premium printing and packaging papers. The company is headquartered in Alpharetta, Georgia and its products are sold in over 70 countries worldwide from manufacturing operations in the United States and Germany.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
14 new highs and up 8.73% in the last month
Relative Strength Index 72.64%
Technical support level at 70.41
Recently traded at 72.00 with a 50 day moving average of 66.40

Fundamental factors:

Market Cap $1.21 billion
P/E 17.80+
Dividend yield 1.84%
Revenue expected to grow 10.70% this year and another 5.60% next year
Earnings estimated to increase 14.90% this year, an additional 9.90% next year and continue to compound at an annual rate of 11.25% for the next 5 years
Wall Street analysts issued 2 strong buy, 1 buy and 1 hold recommendation for this stock

Thursday, June 9, 2016

Arrow Electronics - Chart of the Day

Arrow Electronics (ARW) is the Barchart Chart of the Day. The electronics distribution company has a Trend spotter buy signal, a weighted Alpha of 23.60+ and gained 17.02% in the last year.

The Chart of the Day belongs to Arrow Electronics (ARW). I found the electronics distributor by using Barchart to sort today's All Time High list first by the most frequent new highs in the last month, ten again for technical buy signals of 80% or more. Next I used the Flipchart feature to review the charts for consistency. Since the Trend Spotter signaled a buy on 5/27 the stock gained 6.07%

Arrow Electronics, Inc. is the world's largest distributor of electronic components and computer products to industrial and commercial customers. The company is a major global provider of products, services, and solutions to industrial and commercial users of electronic components and computer products. The company offers sales, service, and technical support capabilities that not only enable the company to provide the most powerful line card to their customers, but to be their strategic business partner as well. Through a wide range of value-added services, the company assists their customers reduce their time to market, lower their total cost of ownership, and enhance their overall competitiveness.

96% technical buy signals
Trend spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 13.91% in the last month
Relative Strength Index 74.38%
Technical support level at 67.08
Recently traded at 67.99 with a 50 day moving average of 63.66

Fundamental factors:

Market Cap $6.23 billion
P/E 10.45
Revenue expected to grow 4.20% this year and another 3.50% next year
Earnings estimated to increase 7.90% this year, an additional 6.0% next year and continue to compound at an annual rate of 15.95% for the next 5 years
Wall Street analysts issued 4 strong buy, 4 buy, 2 hold and 1 sell recommendation on this stock

5 Small Cpas for Momentum Investors

Today I used Barchart to sort the S&P 600 Small Cap Index stocks to find the 5 best small cap Momentum stocks. First I sorted for the most frequent new highs in the last month, then again for technical buy signals of 80% or more. Next I used the Flipchart feature to review the charts for consistency. Today's watch list includes:

Electronics for Imaging (EFII), Qualys (QLYS), LegacyTexas Financial Group (LTXB), Taser International (TASR), and US Silica (SLCA).

Electronics for Imaging (EFII)

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 18.16% in the last month
Relative Strength Index 70.24%
Technical support level at 44.14
Recently traded at 45.16 with a 50 day moving average of 41.59

Qualys (QLYS)

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 23.98% in the last month
Relative Strength Index 79.25%
Technical support level at 31.85
Recently traded at 32.22 with a 50 day moving average of 27.20

LegacyTexas Financial Group (LTXB)

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 15.61% in the last month
Relative Strength Index 67.32%
Technical support level at 27.76
Recently traded at 27.65 with a 50 day moving average of 23.66

Taser International (TASR)

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
16 new highs and up 25.43% in the last month
Relative Strength Index 75.05%
Technical support level at 22.91
Recently traded at 23.34 with a 50 day moving average of 19.89

US Silica (SLCA)

Barchart technical indicators:

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 48.19% in the last month
Relative Strength Index 80.67%
Technical support level at 32.37
Recently traded at 34.49 with a 50 day moving average of 25.89

MORNING CALL 6/8

MORNING CALL

Thursday, June 9th, 2016View Older Reports

Everything you need to know about the markets in one free daily newsletter.

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM16 -0.33%) are down -0.33% and European stocks are down -0.89% as weakness in commodity prices drags down global equity markets. A sell-off in mining stocks and energy and raw-material producers are leading stocks lower after they rallied sharply earlier this week. The slide in world equity markets has fueled rallies in government bond markets as the German 10-year bund yield matched its record low of 0.033% set Wednesday and the UK 10-year gilt yield dropped to a record low of 1.24%. Asian stocks settled mostly lower: Japan -0.97%, Hong Kong, China and Taiwan closed for holiday, Australia -0.15%, Singapore -0.65%, South Korea +0.06%, India -0.95%. Japanese stocks were undercut by strength in the yen as USD/JPY fell to a 1-month low, which reduces the profitability of exporters. Japanese industrial stocks also fell after the -11.0% plunge in Japan Apr machine orders, the biggest monthly decline in 23 months.

The dollar index (DXY00 +0.32%) is up +0.25%. EUR/USD (^EURUSD) is down -0.47%. USD/JPY (^USDJPY) is down -0.44% at a 1-month low.

Sep T-note prices (ZNU16 +0.19%) are up +6.5 ticks at a contract high due to weakness in global stocks and carryover from rallies in European government bonds to record highs.

The German Apr trade balance shrank to a surplus of 25.6 billion euros, a larger surplus than expectations of 22.8 billion euros. Apr exports were unchanged m/m, stronger than expectations of -0.8% m/m. Apr imports unexpectedly fell -0.2% m/m, weaker than expectations of +1.3% m/m.

Japan Apr machine orders fell -11.0% m/m and -8.2% y/y, weaker than expectations of -3.0% m/m and -1.8% y/y with the -11.0% m/m fall the biggest monthly decline in 23 months.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly initial unemployment claims (expected +3,000 to 270,000, previous -1,000 to 267,000) and continuing claims (expected -1,000 to 2.171 million, previous +12,000 to 2.172 million), (2) Apr wholesale inventories (expected +0.1% m/m, Mar +0.1% m/m), (3) the Treasury's auction of $12 billion of 30-year T-bonds, and (4) USDA weekly Export Sales.

There are 2 of the Russell 1000 companies that report earnings today: JM Smucker (consensus $1.21), H&R Block (3.17).

U.S. IPO's scheduled to price today: Atkore International Group (ATKR), China Online Education Group (COE),

Equity conferences during the remainder of this week include: American Society of Clinical Oncology Annual Meeting on Mon-Thu, Goldman Sachs Global Health Care Conference on Tue-Thu, Jefferies Global Health Care Conference on Tue-Thu, Baird Global Consumer, Technology and Services Conference on Tue-Thu, Deutsche Bank Global Industrials and Materials Summit on Wed-Thu, Sandler O'Neill Global Exchange and Brokerage Conference on Wed-Thu, Gabelli & Company Movie & Entertainment Conference on Thu, Susquehanna Financial Group Energy and Industrials Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Comtech Telecommunications (CMTL -1.36%) lowered guidance on fiscal 2016 revenue to $425 million-$435 million from a March 10 estimate of $435 million-$445 million.

US Concrete (USCR +2.47%) was rated a new 'Buy' at DA Davidson with an 18-month target price of $80.

SolarCity (SCTY -0.94%) rose over 3% in pre-market trading after it was upgraded to 'Outperform' from 'Neutral' at Baird.

Boston Scientific (BSX +0.75%) was rated a new 'Buy' at Guggenheim Securities with a 12-month price target of $26.

Chesapeake Energy (CHK +6.42%) tumbled over 4% in pre-market trading after it was downgraded to 'Underperform' from 'Sector Perform' at RBC Capital Markets.

Fitbit (FIT -1.47%) was rated a new 'Outperform' at Wedbush with a 12-month price target of $18.

Stryker (SYK +1.51%) was rated a new 'Buy' at Guggenheim Securities with a 12-month price target of $134.

LinkedIn (LNKD +0.11%) climbed nearly 2% in pre-market trading after it was upgraded to 'Outperform' from 'Sector Perform' at RBC Capital Markets with a target price of $160.

Restoration Hardware Holdings (RH +1.95%) plunged over 20% in pre-market trading after it reported an unexpected Q1 adjusted EPS loss of -5 cents, weaker than consensus of a 5 cent gain, and then cut its full-year adjusted EPS forecast to $1.60-$1.80, well below consensus of $2.66,

ABM Industries (ABM +1.52%) gained over 3% in after-hours trading after it reported Q2 adjusted EPS continuing operations of 31 cents, higher than consensus of 27 cents.

Tesco (TESO +2.33%) slid over 3% in after-hours trading after it announced a public offering of 7 million shares of common stock.

Envision Healthcare (EVHC +1.66%) rose over 3% in after-hours trading after Dow Jones reported that the company was in merger talks with Amsung.

Team Health Holdings (TMH -0.10%) tumbled over 9% in after-hours trading after Dow Jones reported that a deal between AmSung, who was rumored to merge with Team Health, was said to be close to a deal to merge with Envision Healthcare.

Brinker International (EAT +1.58%) jumped 6% in after-hours trading after it said it sees fiscal 2017 comparable sales up +0.5% to +2.0%.

MARKET COMMENTS

June E-mini S&Ps (ESM16 -0.33%) this morning are down -7.00 points (-0.33%). Wednesday's closes: S&P 500 +0.33%, Dow Jones +0.37%, Nasdaq +0.17%. The S&P 500 index on Wednesday climbed to a 10-1/2 month high and closed higher on the unexpected +118,000 increase in U.S. Apr JOLTS job openings to 5.788 million, more than expectations for a decline of -82,000 to 5.675 million and matching the July 2015 record high. Stocks were also boosted by strength in energy and raw-material producers as commodity prices rallied with crude oil at a 10-1/2 month high and gold and silver at 3-week highs.

September 10-year T-note prices (ZNU16 +0.19%) this morning are up +6.5 ticks at a contract high. Wednesday's closes: TYU6 +2.50, FVU6 +2.00. Sep T-notes on Wednesday fell back from a 1-month high and closed lower on the rally in the S&P 500 to a 10-1/2 month high and on the unexpected increase in Apr JOLTS job openings to a record high. T-notes gained support from a rally in German bunds as the 10-year bund yield fell to a record low of 0.033% and from economic growth concerns after the World Bank cut its global 2016 GDP forecast.

The dollar index (DXY00 +0.32%) this morning is up +0.238 (+0.25%). EUR/USD (^EURUSD) is down -0.0053 (-0.47%). USD/JPY (^USDJPY) is down-0.47 (-0.44%) at a 1-month low. Wednesday's closes: Dollar Index -0.238 (-0.25%), EUR/USD +0.0037 (+0.33%), USD/JPY -0.38 (-0.35%). The dollar index on Wednesday fell to a 1-month low and closed lower on the World Bank's cut in its U.S. 2016 GDP forecast to 2.4% from 2.7% and on continued dollar bearishness after Fed Chair Yellen on Monday expressed concern about last Friday's payroll report and backed off her previous comment that a rate hike would be appropriate in "coming months."

July WTI crude oil (CLN16 -0.82%) this morning is down -40 cents (-0.78%). July gasoline (RBN16 -1.27%) is down -0.0201 (-1.24%). Wednesday's closes: CLN6 +0.87 (+1.73%), RBN6 +0.0327 (+2.06%). July crude oil and gasoline prices on Wednesday closed higher with July crude at a 10-1/2 month high. Crude oil prices were boosted by the slide in the dollar index to a 1-month low and by the -3.23 million bbl decline in EIA crude inventories, a bigger decline than expectations of -3.0 million bbl. Gasoline prices were undercut by the unexpected +1.01 million bbl increase in EIA gasoline stockpiles versus expectations for a -2.0 million bbl draw.

GLOBAL EVENT CALENDAR06/09/2016

		Thursday, June 9
US	0830 ET	Weekly initial unemployment claims expected +3,000 to 270,000, previous -1,000 to 267,000. Weekly continuing claims expected-1,000 to 2.171 million, previous +12,000 to 2.172 million.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Apr wholesale inventories expected +0.1% m/m, Mar +0.1% m/m. Apr wholesale trade sales expected +1.1% m/m, Mar +0.7% m/m.
	1300 ET	Treasury auctions $12 billion of 30-year T-bonds.
GER	0200 ET	German Apr trade balance expected +22.8 billion euros, Mar +26.2 billion euros. Apr exports expected -0.8% m/m, Mar +1.9% m/m. Apr imports expected +1.3% m/m, Mar -2.3% m/m.
	0200 ET	German Apr current account balance expected +20.5 billion euros, Mar +30.4 billion euros.
	0200 ET	German Q1 labor costs, Q4 +0.5% q/q and +2.1% y/y.
EUR	0300 ET	ECB President Mario Draghi speaks at an economic forum in Brussels.
JPN	0200 ET	Japan May machine tool orders, Apr -26.3% y/y.
	1950 ET	Japan May PPI expected +0.1% m/m and -4.2% y/y, Apr -0.3% m/m and -4.2% y/y.
		Friday, June 10
US	1000 ET	Preliminary-Jun University of Michigan U.S. consumer sentiment expected -0.7 to 94.0, May +5.7 to 94.7.
	1200 ET	USDA Jun WASDE crop production.
	1400 ET	May monthly budget statement expected -$56.0 billion, Apr +$106.452 billion.
JPN	0030 ET	Japan Apr tertiary industry index expected +0.6% m/m, Mar -0.7% m/m.
GER	0200 ET	Revised German May CPI (EU harmonized), preliminary-May +0.4% m/m and unch y/y.
	0200 ET	German May wholesale price index, Apr +0.3% m/m and -2.7% y/y.
EUR	0815 ET	ECB Vice President Vitor Constancio speaks at a Bundesbank conference on Monetary, Financial and Fiscal Stability.
UK	0430 ET	UK Apr construction output expected +1.4% m/m and -4.8% y/y, Mar -3.6% m/m and -4.5% y/y.
CHI	0130 ET	China May industrial production expected +6.0% y/y, Apr +6.0% y/y.
	0130 ET	China May retail sales expected +10.1% y/y, Apr +10.1% y/y.
JPN	1950 ET	Japan Q2 BSI large manufacturing business conditions, Q1 -7.9. Q2 BSI large all-industry business conditions, Q1 -3.2.

U.S. STOCK CALENDAR06/09/2016

Company	Ticker	Time	Event Description	Period	Estimate
Endo International PLC	ENDP US	3:00	Annual General Meeting	Y 2016
JM Smucker Co/The	SJM US	Bef-mkt	Q4 2016 Earnings Release	Q4 2016	1.205
Brinker International Inc	EAT US	8:30	Investor Day	Y 2016
Lincoln National Corp	LNC US	8:30	Investor Meeting	Y 2016
JM Smucker Co/The	SJM US	8:30	Q4 2016 Earnings Call	Q4 2016
Omega Healthcare Investors Inc	OHI US	10:00	Annual General Meeting	Y 2016
Visteon Corp	VC US	11:00	Annual General Meeting	Y 2016
Entergy Corp	ETR US	12:30	Analyst Day	Y 2016
LinkedIn Corp	LNKD US	13:00	Annual General Meeting
Zynga Inc	ZNGA US	13:00	Annual General Meeting
H&R Block Inc	HRB US	16:30	Q4 2016 Earnings Call	Q4 2016
H&R Block Inc	HRB US	Aft-mkt	Q4 2016 Earnings Release	Q4 2016	3.168
American Airlines Group Inc	AAL US		May 2016 Sales and Revenue Release - Traffic Results	2016
Equifax Inc	EFX US		Investors Meeting - Toronto	Y 2016
Public Service Enterprise Group Inc	PEG US		Investor Meeting	Y 2016
Credit Acceptance Corp	CACC US		Annual General Meeting
VeriSign Inc	VRSN US		Annual General Meeting
CoStar Group Inc	CSGP US		Annual General Meeting
Netflix Inc	NFLX US		Annual General Meeting
Intrexon Corp	XON US		Annual General Meeting
Splunk Inc	SPLK US		Annual General Meeting
CST Brands Inc	CST US		Annual General Meeting

Wednesday, June 8, 2016

Xylem - Chart of the Day

Xylem (XYL) is the Barchart Chart of the Day. The pumping equipment company has a Trend Spotter buy signal, a Weighted Alpha of 37.21+ and gained 28.56% in the last year.

The Chart of the Day belongs to Xylem (XYL). I found the pumping equipment stock by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better. Next I used the Flipchart feature to review the charts for consistency. Since the Trend Spotter signaled a buy on 5/10 the stock gained 9.24%.

Xylem Inc. provides water technology solutions, water and waste water treatment solutions and industrial pumps and related technologies. The company provides products for transportation, treatment, and testing applications to public utilities and industrial facilities. It offers a range of pumps, and valves, heat exchangers, waste systems, and membrane filtration products. Xylem Inc. is headquartered in White Plains, N.Y.

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 10.91% in the last month
Relative Strength Index 80.94%
Technical support level at 45.83
Recently traded at 46.46 with a 50 day moving average of 42.80

Fundamental factors:

Market Cap $8.31 billion
P/E 24.18
Dividend yield 1.37%
Revenue expected to grow 2.60% this year and another 4.10% next year
Earnings estimated to increase 10.80% this year, an additional 10.70% next year and continue to compound at an annual rate of 10.90% for the next 5 years
Wall Street analysts issued 2 strong buy, 5 buy and 10 hold recommendations on the stock

5 Mid Caps for Momentum Investors

Today I used Barchart to sort the S&P 400 Mid Cap Index stocks to find the 5 best Momentum picks. First I sorted for the most frequent new highs in the last month, then again for technical buy signals of 80% or better. Next I used the Flipchart feature to review the charts for consistency. Today's watch list includes:

CDK Global (CDK), Manhattan Associates (MANH), Clear Harbors (CLH), Communication Sales & Leasing (CSAL) and Bio-Techne (TECK)

CDK Global (CDK)

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 13.47% in the last month
Relative Strength Index 85.34%
Technical support level at 56.23
Recently traded at 56.88 with a 50 day moving average of 50.22

Manhattan Associates (MANH)

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
18 new highs and up 16.05% in the last month
Relative Strength Index 75.24%
Technical support level at 66.20
Recently traded at 68.17 with a 50 day moving average of 61.44

Clear Harbors (CLH)

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
17 new highs and up 13.30% in the last month
Relative Strength Index 76.65%
Technical support level at 52.83
Recently traded at 53.95 with a 50 day moving average of 49.45

Communications Sales & Leasing (CSAL)

Barchart technical indicators:

100% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 13.82% in the last month
Relative Strength Index 80.76%
Technical support level at 25.79
Recently traded at 26.68 with a 50 day moving average of 23.80

Bio-Techne (TECH)

Barchart technical indicators:

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 12.30% in the last month
Relative Strength Index 82.14%
Technical support at 108.33
Recently traded at 113.77 with a 50 day moving average of 99.73

MORNING CALL 6/8

MORNING CALL

Wednesday, June 8th, 2016View Older Reports

Everything you need to know about the markets in one free daily newsletter.

You will also receive a free subscription to the Barchart family of newsletters.

OVERNIGHT MARKETS AND NEWS

Jun E-mini S&Ps (ESM16 +0.18%) are up +0.15% as stronger-than-expected Chinese May imports signals stabilization in China's economy, which may benefit global growth. Also, a rally in energy producing stocks has lifted the overall market as July WTI crude oil (CLN16 +1.23%) is up +1.33% at a 10-1/2 month high. A slide in the dollar index to a 1-month low has boosted most commodity prices with Aug COMEX gold (GCQ16 +0.74%) up +0.74% at a 2-week high. Gains were limited after the World Bank cut its 2016 U.S. and global GDP estimates. European stocks are down -0.49% as drugmakers led the overall market lower with Roche Holding AG and Novartis AG both down at least 1%. Asian stocks settled mixed: Japan +0.93%, Hong Kong -0.14%, China -0.30%, Taiwan +0.41%, Australia -0.02%, Singapore +0.50%, South Korea +0.88%, India +0.04%.

The dollar index (DXY00 -0.18%) is down -0.14% at a 1-month low. EUR/USD (^EURUSD) is up +0.18%. USD/JPY (^USDJPY) is down -0.29%.

Sep T-note prices (ZNU16 -0.04%) are down -1.5 ticks.

The World Bank cut its 2016 global GDP forecast to 2.4% from a January estimate of 2.9%, saying that downside risks have become more pronounced since the start of the year. The World Bank also cut its 2016 U.S. GDP estimate to 1.9% from a Jan estimate of 2.7%.

The China May trade balance widened to a surplus of +$49.98 billion, smaller than expectations of +$55.7 billion. May exports fell -4.1% y/y, weaker than expectations of -4.0% y/y. May imports fell -0.4% y/y, stronger than expectations of -6.8% y/y and the smallest decline in 19 months.

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) weekly MBA mortgage applications (previous -4.1% with purchase sub-index -4.7% and refi sub-index -3.9%), (2) Apr JOLTS job openings (expected -82,000 to 5.675 million, Mar +149,000 to 5.757 million), (3) Treasury auctions $20 billion of 10-year T-notes, and (4) EIA Weekly Petroleum Status Report.

There are 2 of the Russell 1000 companies that report earnings today: lululemon athletica (consensus $0.31), Brown-Forman (0.72).

U.S. IPO's scheduled to price today: none.

Equity conferences during the remainder of this week include: American Society of Clinical Oncology Annual Meeting on Mon-Thu, NAREIT REITWeek Investor Forum on Tue-Wed, Stephens Spring Investment Conference on Tue-Wed, Goldman Sachs Global Health Care Conference on Tue-Thu, Jefferies Global Health Care Conference on Tue-Thu, Baird Global Consumer, Technology and Services Conference on Tue-Thu, BioTechnology Industry Organization International Convention on Wed, Deutsche Bank Global Industrials and Materials Summit on Wed-Thu, Sandler O'Neill Global Exchange and Brokerage Conference on Wed-Thu, Gabelli & Company Movie & Entertainment Conference on Thu, Susquehanna Financial Group Energy and Industrials Conference on Thu.

OVERNIGHT U.S. STOCK MOVERS

Fiat Chrysler Automobiles NV (FCAU +3.85%) rose nearly 3% in pre-market trading after it was said to habe started talks on a partnership with Uber Technologies.

Lending Club (LC -7.38%) climbed over 3% in pre-market trading after a report that its former CEO and chairman has spoken to buyout firms and banks about a possible takeover of the company.

Lululemon (LULU -0.89%) reported Q1 EPS of 30 cents, below consensus of 31 cents, and said it expectd Q2 EPS of 36 cents-38 cents, below consensus of 39 cents.

Dave & Buster's Entertainment (PLAY +0.94%) rallied over 3% in pre-market trading after it reported Q1 adjusted EPS of 72 cents, higher than consensus of 59 cents, and then boosted its full-year revenue forecast to $983 million-$995 million from a March 29 estimate of $967 million-$987 million.

Verint Systems (VRNT +2.55%) slid over 1% in after-hours trading after it reported Q1 adjusted EPS of 46 cents, above consensus of 40 cents, but reported Q1 adjusted revenue of $249 million, below consensus of $250.7 million

Ardmore Shipping (ASC -0.61%) dropped over 8% in after-hours trading after it proposed a 7.5 million share public offering of common stock.

Lending Club (LC -7.38%) gained over 2% in after-hours trading after it was raised to 'Market Perform' at KBW.

VeriFone Systems (PAY +1.33%) sank 30% in after-hours trading after it reported Q2 adjusted EPS of 47 cents, weaker than consensus of 52 cents, and then cut its fiscal 2016 adjusted EPS estimate to $1.85 from a March 10 view of $2.21-$2.24.

Duluth Holdings (DLTH -1.95%) dropped over 3% in pre-market trading after it reported Q1 sales of $68.6 million, below consensus of $69.7 million.

HealthEquity (HQY +2.26%) climbed over 4% in after-hours trading after it reported Q1 adjusted EPS of 15 cents, better than consensus of 13 cents, and then raised guidance on full-year adjusted EPS to 47 cents-49 cents from a March 22 view of 45 cents-47 cents.

Oxford Industries (OXM -0.47%) slipped over 7% in after-hours trading after it reported Q1 adjusted EPS continuing operations of $1.26, below consensus of $1.33, and then lowered its fiscal 2017 adjusted EPS view to $3.60-$3.80 from a March 23 estimate of $3.75-$3.95.

Flexion Therapeutics (FLXN -3.83%) tumbled over 11% in after-hours trading after it announced a $60 million offering of common stock.

MARKET COMMENTS

June E-mini S&Ps (ESM16 +0.18%) this morning are up +3.25 points (+0.15%). Tuesday's closes: S&P 500 +0.13%, Dow Jones +0.10%, Nasdaq-0.23%. The S&P 500 on Tuesday rallied to a 10-1/2 month high and closed higher on carryover support from a rally in European stocks on positive European economic data after Eurozone Q1 GDP was revised upward and after German Apr industrial production rose more than expected. Stocks were also boosted by gains in energy-producers after crude oil prices climbed to an 8-month high.

September 10-year T-note prices (ZNU16 -0.04%) this morning are down -1.5 ticks. Tuesday's closes: TYU6 +2.50, FVU6 +2.00. Sep T-notes on Tuesday closed higher on positive carryover from a rally in German bunds as the 10-year bund yield fell to a record low 0.045%. T-notes also continued to receive support from the reduced prospects for a near-term Fed rate hike after Fed Chair Yellen on Monday refused to set any time line for when the Fed may raise rates again.

The dollar index (DXY00 -0.18%) this morning is down -0.134 (-0.14%) at a 1-month low. EUR/USD (^EURUSD) is up +0.0020 (+0.18%). USD/JPY (^USDJPY) is down -0.31 (-0.29%). Tuesday's closes: Dollar Index -0.074 (-0.08%), EUR/USD +0.0003 (+0.03%), USD/JPY -0.19 (-0.18%). The dollar index on Tuesday closed lower on continued bearishness after Fed Chair Yellen on Monday expressed concern about last Friday's payroll report and backed off her previous comment that a rate hike would be appropriate in "coming months." The dollar index was also undercut by strength in EUR/USD after Eurozone Q1 GDP was revised upward and after German Apr industrial production rose more than expected.

July WTI crude oil (CLN16 +1.23%) this morning is up +67 cents (+1.33%) at a 10-1/2 month high. July gasoline (RBN16 +1.18%) is up +0.0214 (+1.35%). Tuesday's closes: CLN6 +0.67 (+1.35%), RBN6 -0.0016 (-0.10%). July crude oil and gasoline on Tuesday settled mixed with July crude at an 8-month high. Crude oil prices were boosted by a weaker dollar and by continued support from Monday's news that Nigerian oil production has been slashed by 700,000-800,000 bpd by militant attacks on pipelines and installations. Crude oil prices were also boosted by expectations that Wednesday's weekly EIA report would show that U.S. crude oil inventories fell by -3.0 million bbls.

GLOBAL EVENT CALENDAR06/08/2016

		Wednesday, June 8
US	0700 ET	Weekly MBA mortgage applications, previous -4.1% with purchase sub-index -4.7% and refi sub-index -3.9%.
	1000 ET	Apr JOLTS job openings expected -82,000 to 5.675 million, Mar +149,000 to 5.757 million.
	1030 ET	EIA Weekly Petroleum Status Report.
	1300 ET	Treasury auctions $20 billion of 10-year T-notes.
JPN	0030 ET	Japan May bankruptcies, Apr -7.08% y/y.
	0100 ET	Japan May eco watchers survey current expected -0.1 to 43.4, Apr 43.5. May eco watchers survey outlook expected +0.4 to 45.9, Apr 45.5.
	1950 ET	Japan Apr machine orders expected -3.0% m/m and -1.8% y/y, Mar +5.5% m/m and +3.2% y/y.
UK	0430 ET	UK Apr industrial production expected unch m/m and -0.4% y/y, Mar +0.3% m/m and -0.2% y/y.
	0430 ET	UK Apr manufacturing production expected -0.1% m/m and -1.5% y/y, Mar +0.1% m/m and -1.9% y/y.
	1901 ET	UK May RICS house price balance expected 35%, Apr 41%.
CHI	2130 ET	China May CPI expected +2.2% y/y, Apr +2.3% y/y. May PPI expected -3.2% y/y, Apr -3.4% y/y.
		Thursday, June 9
US	0830 ET	Weekly initial unemployment claims expected +3,000 to 270,000, previous -1,000 to 267,000. Weekly continuing claims expected-1,000 to 2.171 million, previous +12,000 to 2.172 million.
	0830 ET	USDA weekly Export Sales.
	1000 ET	Apr wholesale inventories expected +0.1% m/m, Mar +0.1% m/m. Apr wholesale trade sales expected +1.1% m/m, Mar +0.7% m/m.
	1300 ET	Treasury auctions $12 billion of 30-year T-bonds.
GER	0200 ET	German Apr trade balance expected +22.8 billion euros, Mar +26.2 billion euros. Apr exports expected -0.8% m/m, Mar +1.9% m/m. Apr imports expected +1.3% m/m, Mar -2.3% m/m.
	0200 ET	German Apr current account balance expected +20.5 billion euros, Mar +30.4 billion euros.
	0200 ET	German Q1 labor costs, Q4 +0.5% q/q and +2.1% y/y.
EUR	0300 ET	ECB President Mario Draghi speaks at an economic forum in Brussels.
JPN	0200 ET	Japan May machine tool orders, Apr -26.3% y/y.
	1950 ET	Japan May PPI expected +0.1% m/m and -4.2% y/y, Apr -0.3% m/m and -4.2% y/y.
CHI	n/a	China May new yuan loans expected 750 billion yuan, Apr 555.6 billion yuan.

U.S. STOCK CALENDAR06/08/2016

Company	Ticker	Time	Event Description	Period	Estimate
Teekay Corp	TK US	6/8/2016	Annual General Meeting	Y 2016
lululemon athletica Inc	LULU US	6/8/2016	Q1 2017 Earnings Release	Q1 2017	0.306
Brown-Forman Corp	BF/B US	6/8/2016	Q4 2016 Earnings Release	Q4 2016	0.719
American Airlines Group Inc	AAL US	6/8/2016	Annual General Meeting
Biogen Inc	BIIB US	6/8/2016	Annual General Meeting	Y 2016
Devon Energy Corp	DVN US	6/8/2016	Annual General Meeting	Y 2016
lululemon athletica Inc	LULU US	6/8/2016	Q1 2017 Earnings Call	Q1 2017
Skechers U.S.A. Inc	SKX US	6/8/2016	Analyst and Investor Meeting	Y 2016
Brown-Forman Corp	BF/B US	6/8/2016	Q4 2016 Earnings Call	Q4 2016
Freeport-McMoRan Inc	FCX US	6/8/2016	Annual General Meeting
Pfizer Inc	PFE US	6/8/2016	Analyst and Investor Call
United Continental Holdings Inc	UAL US	6/8/2016	Annual General Meeting
AMERCO	UHAL US	6/8/2016	Special Meeting
DSW Inc	DSW US	6/8/2016	Annual General Meeting
Allegion PLC	ALLE US	6/8/2016	Annual General Meeting	Y 2016
Target Corp	TGT US	6/8/2016	Annual General Meeting
Alphabet Inc	GOOGL US	6/8/2016	Annual General Meeting	Y 2016
Molson Coors Brewing Co	TAP US	6/8/2016	Investor Meeting	Y 2016
ServiceNow Inc	NOW US	6/8/2016	Annual General Meeting
Caterpillar Inc	CAT US	6/8/2016	Annual General Meeting
Public Service Enterprise Group Inc	PEG US	6/8/2016	Investor Meeting	Y 2016
Southwest Airlines Co	LUV US	6/8/2016	May 2016 Sales and Revenue Release - Traffic Results	2016
Clean Harbors Inc	CLH US	6/8/2016	Annual General Meeting	Y 2016
Ingram Micro Inc	IM US	6/8/2016	Annual General Meeting	Y 2016
AMC Networks Inc	AMCX US	6/8/2016	Annual General Meeting
Spirit Airlines Inc	SAVE US	6/8/2016	May 2016 Sales and Revenue Release - Traffic Results	2016
FleetCor Technologies Inc	FLT US	6/8/2016	Annual General Meeting
United Continental Holdings Inc	UAL US	6/8/2016	May 2016 Sales and Revenue Release - Traffic Results	2016
KAR Auction Services Inc	KAR US	6/8/2016	Annual General Meeting
CVR Energy Inc	CVI US	6/8/2016	Annual General Meeting
Groupon Inc	GRPN US	6/8/2016	Annual General Meeting
Diamondback Energy Inc	FANG US	6/8/2016	Annual General Meeting
GoDaddy Inc	GDDY US	6/8/2016	Annual General Meeting

Tuesday, June 7, 2016

Microchip Technology - Chart of the Day

Microchip Technology (MCHP) is the Barchart Chart of the Day. The semiconductor company has a Trend Spotter buy signal, a Weighted Alpha of 18.80+ and gained 11.44% in the last year.

The Chart of the Day belongs to Microchip Technology (MCHP). I found the semiconductor stock by using Barchart to sort today's All Time High list first for the most frequent new highs in the last month, then again for technical buy signals of 80% or better. Next I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/24 the stock gained 5.62%.

Microchip Technology, Inc. develops and manufactures specialized semiconductor products used by its customers for a wide variety of embedded control applications. Its product portfolio comprises microcontrollers; application-specific standard products; and related mixed-signal and memory products. The company markets its products to the consumer, automotive, office automation, communications and industrial markets.

96% technical buy signals
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
15 new highs and up 10.30% in the last month
Relative Strength Index 74.94%
Technical support level at 51.43
Recently traded at 52.88 with a 50 day moving average of 49.16

Fundamental factors:

Market Cap $ 11.30 billion
P/E 20.53
Dividend yield 2.78%
Revenue expected to grow 50.30% this year and another 3.90% next year
Earnings estimated to increase 18.30% his year, an additional 17.00% next year and continue to compound at an annual rate of 9.70% for the next 5 years
Wall Street analysts issued 4 strong buy, 5 buy, 4 hold and 1 under perform recommendation on the stock